Jubilant Foodworks may test Rs 1290-1300: Chaturmohta

Ashish Chaturmohta of Fortune Equity Brokers told CNBC-TV18, "Jubilant Foodworks has given a breakout on its monthly charts above Rs 1,120 levels and Rs 1,220 levels. This is one counter which has seen one of the highest rollovers in terms of midcap space. So after a very long consolidation this kind of rollover picture is really giving us a good confidence."

"We think that this is one counter which can hit its all-time high around Rs 1,400 odd levels, but in this expiry we are looking for a target somewhere around Rs 1,290-1,300 levels in the short-term," he said. At 14:20 hrs Jubilant Foodworks was quoting at Rs 1,199.80, down Rs 5.60, or 0.46 percent. It has touched an intraday high of Rs 1,225 and an intraday low of Rs 1,187. The share touched its 52-week high Rs 1,391 and 52-week low Rs 928 on 08 November, 2012 and 18 June, 2013, respectively. Currently, it is trading 13.75 percent below its 52-week high and 29.29 percent above its 52-week low. Market capitalisation stands at Rs 7,839.63 crore.